Your timing is excellent. At the MJSA show this week there was a
presentation on this subject titled "The Basics of Memo Transactions
- The Dos and Don’ts of Trading on Memo" by Cecilia Gardner,
President/CEO of the Jewelers Vigilance Committee (JVC); and Dione
Kenyon, President of The Jewelers Board of Trade (JBT). (memo ==
As part of the presentation a booklet was distributed called “The
Essential Guide to ‘Memo’ Transactions,” co-produced by JVC and JBT.
I suggest you contact these organizations for a copy of the guide.
And the experts (not me) say you will need a contract, but a good
contract can be made to cover multiple consignments with the same
retailer, as long as the contract and list of consignment pieces is
As far as how credit worthy these companies are, I was told to look
at their ratings with Dun and Bradstreet and JBT. Unfortunately the
JBT book at the show was limited and out of date for my town.
White Branch Designs